Price Checking

Monitoring competitor prices is a breeze with us

Price checking (competitor price monitoring) is the automated tracking of competitor prices across online stores and marketplaces, so a business always knows where it stands without manually checking each competitor by hand. Manual price checking is slow and error-prone — by the time someone re-checks prices spread across dozens of competitors, the market has already moved. Sparsim's price checking service collects competitor prices on a schedule you choose, from daily updates to real-time monitoring, and delivers the results as a dashboard, CSV/JSON export, or direct API/ERP integration. Ukrainian e-commerce businesses use it to react to competitor price changes within hours instead of days.

Knowing your competitor's price is the first step in your efficient pricing process. In the modern digital age, things move very quickly and businesses struggle with the continuous price-changing process. This usually leads to a fall-off in profit margin and general business ineffectiveness. Our company offers a service that will cut off much of this struggle.

Competitor monitoring automation is our passion. We love helping our clients boost their profits by helping them set a competitive price for their products.

How does it work

The overall process is super easy. Here is a breakdown:

Requirements Gathering

First of all, we need to know what information your business needs to monitor. This could include: prices, discounts, sales, inventory, reviews, product properties, etc.

At this stage, we should also agree on the format of the final deliverable. It could be a simple CSV or XLSX file or we can integrate the dataflow with your software. Optionally, we offer to create a dashboard for you via Microsoft Power BI.

After agreeing on what data shall be collected, we need to know where to look for it. Usually it's a list of your competitors and your market platforms.

The final question would be the frequency of data updates. We can provide you with data: daily, weekly, monthly, or quarterly.

Once all questions are discussed, you will receive your final offer and a contract to sign.

Development and First Run

Usually, it takes us between 1 and 5 business days to create a scrapper depending on the complexity of the website and its bots protection. Thereafter, we will provide you with a result sample to review. Once a green light is received, we will put the scrapper on an automated schedule.

Maintenance

In the scrapping world, we work with the front end of websites. They tend to change from time to time. That is why we run daily checks on the websites we work with and adjust our scrappers accordingly.